According to the Bretton Woods organisation, instead of the predicted 6 percent, the worldwide growth rate for 2019 has been estimated at 2.7%.
The Fund, however, asserts that it would make every effort to defend the weak and vulnerable economies.
Speaking at the IMF spring meeting in 2022 in Washington, DC, Managing Director Kristalina Georgieva urged world leaders to put protecting vulnerable households and businesses first since they are crucial to the economy.
However, because of the epidemic and because this atmosphere does not support emerging marketing and development, we must deplete our physical buffers.
Everyone finds it difficult, but countries that have been affected by high dollar rates, high borrowing costs, and capital inflows find it even more difficult.